Municipal Employees Retirement System of Michigan lessened its position in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 25.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,270 shares of the specialty retailer’s stock after selling 790 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in O’Reilly Automotive were worth $489,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ORLY. Rothschild Asset Management Inc. raised its stake in O’Reilly Automotive by 24.3% during the second quarter. Rothschild Asset Management Inc. now owns 2,922 shares of the specialty retailer’s stock worth $639,000 after buying an additional 572 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in O’Reilly Automotive by 21.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 28,500 shares of the specialty retailer’s stock valued at $6,234,000 after purchasing an additional 5,000 shares in the last quarter. Korea Investment CORP increased its stake in O’Reilly Automotive by 4.7% in the second quarter. Korea Investment CORP now owns 24,577 shares of the specialty retailer’s stock valued at $5,376,000 after purchasing an additional 1,113 shares in the last quarter. Barrett Asset Management LLC increased its stake in O’Reilly Automotive by 261.5% in the second quarter. Barrett Asset Management LLC now owns 470 shares of the specialty retailer’s stock valued at $103,000 after purchasing an additional 340 shares in the last quarter. Finally, HL Financial Services LLC increased its stake in O’Reilly Automotive by 1.4% in the second quarter. HL Financial Services LLC now owns 2,005 shares of the specialty retailer’s stock valued at $439,000 after purchasing an additional 27 shares in the last quarter. 88.56% of the stock is owned by institutional investors and hedge funds.

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In related news, SVP Scott E. Kraus sold 8,500 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $237.84, for a total transaction of $2,021,640.00. Following the transaction, the senior vice president now directly owns 4,959 shares in the company, valued at $1,179,448.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Thomas Mcfall sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $220.00, for a total transaction of $2,200,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 149,945 shares of company stock worth $33,756,392. 3.12% of the stock is owned by corporate insiders.

Several equities research analysts have weighed in on the stock. Oppenheimer reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research note on Wednesday, August 9th. Moffett Nathanson assumed coverage on shares of O’Reilly Automotive in a research note on Monday. They issued a “buy” rating for the company. Robert W. Baird reaffirmed a “hold” rating and issued a $220.00 price target on shares of O’Reilly Automotive in a research note on Friday, October 27th. UBS reaffirmed a “buy” rating and issued a $240.00 price target (up from $230.00) on shares of O’Reilly Automotive in a research note on Thursday, October 19th. Finally, Credit Suisse Group set a $193.00 price target on shares of O’Reilly Automotive and gave the company a “hold” rating in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. O’Reilly Automotive currently has a consensus rating of “Buy” and a consensus price target of $243.48.

O’Reilly Automotive, Inc. (ORLY) opened at $250.21 on Wednesday. The stock has a market cap of $21,290.08, a PE ratio of 21.75, a PEG ratio of 1.48 and a beta of 0.84. O’Reilly Automotive, Inc. has a twelve month low of $169.43 and a twelve month high of $286.57. The company has a current ratio of 0.93, a quick ratio of 0.10 and a debt-to-equity ratio of 4.72.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.07. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. O’Reilly Automotive had a net margin of 12.13% and a return on equity of 93.18%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the company earned $2.90 earnings per share. sell-side analysts anticipate that O’Reilly Automotive, Inc. will post 11.91 EPS for the current fiscal year.

O’Reilly Automotive declared that its board has authorized a stock repurchase program on Friday, September 1st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to purchase up to 5.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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O’Reilly Automotive Profile

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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